New home sales fell to their lowest level in 13 years in February, according to a key government report on the battered housing market released Wednesday.
Software giant Oracle announced third-quarter earnings rose 30% from a year ago, in line with Wall Street expectations. But sales missed forecasts, a possible sign that big businesses may be starting to pull back on tech spending.
Software giant Oracle announced fiscal third-quarter earnings rose 30% from a year ago, in line with Wall Street expectations. But sales missed forecasts, a possible sign that big businesses may be starting to pull back on tech spending.
Stocks tumbled Wednesday as weak economic news, spiking commodity prices and a bearish analyst note on investment firm earnings gave investors a reason to bail after the recent advance.
Stocks tumbled Wednesday as weak economic news, spiking commodity prices and a bearish analyst note on investment firm earnings gave investors a reason to bail after the recent advance.
American Airlines said it canceled hundreds of flights amounting to more than 10% of its schedule for Wednesday as it performs more detailed inspections of a key aircraft model.